AGP Executive Report
Last update: 7 hours agoASG Investment Questions: Outside-company representatives told senators they had never issued insurance covering ASG’s $10.1 million investment of ARPA interest funds, contradicting earlier administration claims. The Insurance Commissioner said he had no prior knowledge of the deal; a public guide traces the transaction and outlines unanswered questions. Seabed Mining: A proposed federal lease sale covering more than 31 million acres off American Samoa is drawing criticism over local consent and environmental review. Former congressman Robert Underwood says the territory’s lack of federal voting power leaves its opposition with little influence. Retirement Fund: Senators approved a merged bill converting ASG’s $31 million retirement-fund debt into an ASTCA loan while phasing down the government’s retirement contributions. Election: Voter registration for the Nov. 3 midterms closed Oct. 5; voters will choose American Samoa’s congressional delegate and House members.
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